CLS Holdings USA, Inc. (CLSH) Financial Statements (2024 and earlier)

Company Profile

Business Address 516 S. 4TH STREET
LAS VEGAS, NV 89101
State of Incorp. NV
Fiscal Year End May 31
Industry (SIC) 59 - Miscellaneous Retail (benchmarking)
More info Complete Financial Analysis Financial Benchmarking

Balance Sheet (Statement of Financial Position) ($ in thousands)

8/31/2023
Q1
5/31/2023
Q4
2/28/2023
Q3
11/30/2022
Q2
8/31/2022
Q1
5/31/2022
Q4
2/28/2022
Q3
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments9988888095922,5523,455
Cash and cash equivalents9988888095922,5523,455
Receivables4317181,005739618843
Inventory, net of allowances, customer advances and progress billings3,0134,3494,8764,2163,4182,343
Inventory3,0134,3494,8764,2163,4182,343
Prepaid expense149184287418296269
Total current assets:4,5926,1396,9775,9666,8846,909
Noncurrent Assets
Operating lease, right-of-use asset1,6421,9382,0272,1152,1552,239
Property, plant and equipment2,9133,8544,0614,2224,3423,192
Long-term investments and receivables  5905581,040470 
Long-term investments  5905581,040470 
Intangible assets, net (including goodwill), including:7671,1041,1331,1621,1901,219
Goodwill558558558558558558
Intangible assets, net (excluding goodwill)2091,1041,1331,1621,1901,219
Other undisclosed intangible assets, net (including goodwill)  (558)(558)(558)(558)(558)
Other noncurrent assets158198209219230250
Other undisclosed noncurrent assets  558558558558558
Total noncurrent assets:5,4798,2428,5469,3168,9447,458
TOTAL ASSETS:10,07114,38215,52315,28215,82814,366
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities, including:2,7293,0583,3002,4082,3181,875
Accounts payable1,7942,1452,2081,6711,414884
Accrued liabilities312520553   
Other undisclosed accounts payable and accrued liabilities623392539737904991
Debt1,9982,2811,91720,67620,53419,729
Other undisclosed current liabilities11,61410,9286,2385,7045,2613,921
Total current liabilities:16,34116,26611,45428,78928,11225,524
Noncurrent Liabilities
Long-term debt and lease obligation2,2332,2433,3204,9744,8654,469
Long-term debt, excluding current maturities2,0332,0283,0832,8882,6942,499
Finance lease, liability200215237257277 
Liabilities, other than long-term debt1,5441,6431,737   
Operating lease, liability1,5441,6431,7371,8291,8941,970
Other undisclosed noncurrent liabilities3,7533,7537,506(1,829)(1,894)(1,970)
Total noncurrent liabilities:7,5317,64012,5634,9742,9714,469
Total liabilities:23,87123,90624,01733,76332,97729,994
Equity
Equity, attributable to parent, including:(12,659)(9,124)(8,224)(18,200)(17,052)(15,619)
Common stock77731313
Additional paid in capital96,14896,14396,14377,95577,94577,941
Accumulated deficit(108,879)(105,344)(104,444)(96,228)(95,080)(93,647)
Other undisclosed equity, attributable to parent667070707074
Equity, attributable to noncontrolling interest(1,142)(401)(270)(281)(97)(9)
Total equity:(13,801)(9,524)(8,494)(18,481)(17,149)(15,627)
TOTAL LIABILITIES AND EQUITY:10,07114,38215,52315,28215,82814,366

Income Statement (P&L) ($ in thousands)

8/31/2023
Q1
5/31/2023
Q4
2/28/2023
Q3
11/30/2022
Q2
8/31/2022
Q1
5/31/2022
Q4
2/28/2022
Q3
Revenues5,5775,4376,0746,0456,1605,588
Cost of revenue(4,837)(2,419)(3,072)(3,003)(3,134)(2,701)
Gross profit:7413,0193,0023,0423,0262,887
Operating expenses(3,996)(2,861)(3,506)(3,202)(2,976)(3,493)
Operating income (loss):(3,255)158(503)(160)50(606)
Nonoperating income (expense)(353)(671)(7,186)(653)(323)(67)
Other nonoperating income      
Interest and debt expense (649)2(767)(734)(590)
Other undisclosed income (loss) from continuing operations before equity method investments, income taxes     (1,416)590
Income (loss) from continuing operations before equity method investments, income taxes:(3,608)(1,163)(7,686)(1,580)(2,423)(673)
Income (loss) from equity method investments 177(22)80(234)  
Other undisclosed income (loss) from continuing operations before income taxes(177)671(83)1,0012,150 
Income (loss) from continuing operations before income taxes:(3,608)(514)(7,689)(813)(274)(673)
Income tax expense(669)(516)(517)(519)(1,248)(324)
Loss from continuing operations:(4,277)(1,030)(8,205)(1,332)(1,522)(997)
Loss before gain (loss) on sale of properties:(1,332)(1,522)(997)
Net loss:(4,277)(1,030)(8,205)(1,332)(1,522)(997)
Net income (loss) attributable to noncontrolling interest741130(11)184895
Net loss available to common stockholders, diluted:(3,536)(900)(8,216)(1,148)(1,433)(992)

Comprehensive Income ($ in thousands)

8/31/2023
Q1
5/31/2023
Q4
2/28/2023
Q3
11/30/2022
Q2
8/31/2022
Q1
5/31/2022
Q4
2/28/2022
Q3
Net loss:(4,277)(1,030)(8,205)(1,332)(1,522)(997)
Comprehensive loss:(4,277)(1,030)(8,205)(1,332)(1,522)(997)
Comprehensive income (loss), net of tax, attributable to noncontrolling interest741130(11)184895
Comprehensive loss, net of tax, attributable to parent:(3,536)(900)(8,216)(1,148)(1,433)(992)

Statements Sources

The financial statements are based on the Company's filings with the U.S. Securities and Exchange Commission (SEC) through the Electronic Data Gathering, Analysis, and Retrieval system (EDGAR). The information is derived from the 10-K and 10-Q reports submitted to the SEC in XBRL (eXtensible Business Reporting Language) format and presented according to the US GAAP Taxonomy. Please review the original filings for a more detailed information.

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